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(1) To approve a qualifying energy delivery project, the board shall determine that the project:
(a) contributes to the economy of the state and the one or more communities where the project is located;
(b) is strategically situated to maximize connections to an energy source project located in the state that is:
(i) existing;
(ii) under construction;
(iii) planned; or
(iv) foreseeable;
(c) is supported by a business case for providing the revenue necessary to:
(i) service an authority bond issued to finance the project; and
(ii) finance the construction and operation of a project;
(d) is supported by a project plan related to:
(i) engineering;
(ii) environmental issues;
(iii) energy production;
(iv) load or other capacity; and
(v) any other issue related to the building and operation of energy delivery infrastructure;
(e) complies with the regulations of the following regarding the building of energy delivery infrastructure:
(i) the Federal Energy Regulatory Commission;
(ii) the North American Electric Reliability Council; and
(iii) the Public Service Commission of Utah; and
(f) promotes responsible energy development.
(2) This chapter may not be used to compel interconnection to or use of a transmission or interconnection line or facility that belongs to another person.